NNPCL declares N60.5trn revenue for 2025, posts N5.7trn profit

The Nigerian National Petroleum Company Limited (NNPC Ltd.) declared N60.5 trillion in revenue and N5.76 trillion Profit After Tax (PAT) in the 2025 financial year.

The NNPC Ltd. in its December 2025 Monthly Report Summary, highlighted key figures including crude oil and condensate production, natural gas output, revenue, PAT, strategic initiatives during the period under review.

The report revealed that crude oil production remained relatively moderate and pipeline maintenance activities disrupted some operations in the financial year.

It showed that average crude oil and condensate production stood at 1.54 million barrels per day (mbpd) showing steady output amid ongoing infrastructure upgrades and security challenges across producing regions.

It showed that gas production recorded 6,914 million standard cubic feet per day (mmscfd) in December as monthly figures showed output peaking above 7,500 mmscfd mid-year before tapering slightly toward year-end.

The report said gas sales was also steady averaging over 4,700 mmscfd showing NNPC’s leaning toward gas as Nigeria’s transition fuel and key revenue stabiliser.

The report also indicated that profitability saw dips in some months, with marginal losses recorded early in the year before rebounding strongly between March and June while operational reliability indicators improved considerably:

On upstream pipeline availability, Obiafu-Obrikom-Oben (OB3) Gas Pipeline recorded 100 per cent availability, Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline, 91 per cent while the NNPC Retail (NRL) and station availability recorded 65 per cent.

The data revealed significant gains in network stability and product distribution efficiency, particularly in the second half of the year.

It said that planned maintenance and upgrade works at Stardeep-Agbami, Renaissance-Estuary Area (EA) and unplanned production facility outages affected December production performance.

It also reported successful completion of key engineering works, including river crossings and mainline welding operations as scheduled at AKK Mainline.

The company said it successfully completed the OB3 River Niger Crossing, all early works and commenced Pilot Hole drilling, adding that the project is on course and to be completed as scheduled.